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we're going to see the debt ceiling now present itself. are we going to see an ugly repetition was a debacle in 2011 that cost investors, the market cap number, but somewhere around a tri trillion dollars, we don't need any more of that. >> no, but at the end of the day there will be more fights, this is where we are as a nation. when you are 16.5 trillion in debt we'll have fights like this, i best compare it to a marriage that husband and wife go deep into debt, creditors call, and they start fighting as a couple. we see millions of couples in america break up because they are in too much debt, they fight about it the house and senate look a lot like america in the fighting we have about we understand we have too much debt, we understand we have too much spending but battle is where do you cutback. no single vote will fix this. lou: but if there is any more of the irresponsible nonsense over a debt ceiling, independence and democrats and many conservatives will be disenchanted with the republican party. i think you have to began kid and
we're going to see the debt ceiling now present itself. are we going to see an ugly repetition was a debacle in 2011 that cost investors, the market cap number, but somewhere around a tri trillion dollars, we don't need any more of that. >> no, but at the end of the day there will be more fights, this is where we are as a nation. when you are 16.5 trillion in debt we'll have fights like this, i best compare it to a marriage that husband and wife go deep into debt, creditors call, and they...
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all i can think about is the debt ceiling debate and we saw 2000 points stripped off without. what you think? >> well, it could be a real problem. the last big one we had was 1995, 1996, that was certainly a disaster for me publican sampling. it is not the right way to do things. it's a stupid way of trying to manage the budget. >> i couldn't agree with you more. the fact is this house of representatives is the last vestige of republicanism as when it comes to power in washington right now. i think their expectations are significantly well beyond the reality is what they can accomplish, or am i wrong? >> the house of representatives has originate all spending cuts. lou: another 4 trillion over the course of the next 10 years. 22 trillion at the end of obama's time in office, we are going to be looking at $26,000 in debt. thank you, mr. obama. >> the basic point is that te american people know that we have to have cutbacks in entitlement programs. lou: let's set aside the european tax rates. [talking over each other] lou: let me ask you this. if you don't think that the republi
all i can think about is the debt ceiling debate and we saw 2000 points stripped off without. what you think? >> well, it could be a real problem. the last big one we had was 1995, 1996, that was certainly a disaster for me publican sampling. it is not the right way to do things. it's a stupid way of trying to manage the budget. >> i couldn't agree with you more. the fact is this house of representatives is the last vestige of republicanism as when it comes to power in washington...
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ceiling, but actually the debt. driven by spending, and we see no need i controlling spending anywhere. lou: your organization, the american action forum putting of clear statements about what the likelihood would be of the fiscal clef there's no mystery here. only to use his phrase, only an idiot would be unaware of the import of actually doing something meaningful, sensitive, and lasting when it comes to deficits and debt. >> i could not agree more. you would have to live in a budgetary fantasyland not to understand -- lou: there is the explanation. >> that could be it. in fantasyland having a trillion dollars in additional spending commitments every year as a result of the explosion of the entitlement programs of the next decade. it does not matter, but in the real world it means that we can no longer finance the regular operations of government. we are late and my and -- interest obligations and had to to the next generation an economy that is impaired and the huge bill. there is absolutely no justification for
ceiling, but actually the debt. driven by spending, and we see no need i controlling spending anywhere. lou: your organization, the american action forum putting of clear statements about what the likelihood would be of the fiscal clef there's no mystery here. only to use his phrase, only an idiot would be unaware of the import of actually doing something meaningful, sensitive, and lasting when it comes to deficits and debt. >> i could not agree more. you would have to live in a budgetary...
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congress has the responsibility and the sole authority to raise the debt ceiling. congress must do its job. lou: the administration does appear willing to go around congress to enact at least some gun-control measures. we will be debating tonight the administration's efforts to broaden and control in this country, talking with former birdie campaign president richard a. bourne in constitutional law professor david. vice-president joe biden today met with victims and gun-control advocates and stress the administration's determination to take action on gun-control, even by its executive order. it is the first of a series of meetings that the president's second amendment point man. fox news chief political correspondent carl cameron with our report. >> vice-president opening his first task force meeting on gun violence with victim's aunt and safety groups and somberly recalled the shooting rampage that killed 27, including 20 children at a new town connecticut elementary school last month. >> touch the heart of the american people. seeing those young children riddled
congress has the responsibility and the sole authority to raise the debt ceiling. congress must do its job. lou: the administration does appear willing to go around congress to enact at least some gun-control measures. we will be debating tonight the administration's efforts to broaden and control in this country, talking with former birdie campaign president richard a. bourne in constitutional law professor david. vice-president joe biden today met with victims and gun-control advocates and...
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democrats say are not done raising revenue they're demanding higher taxes with the debt ceiling. but the president says he will then negotiate so he will have to raise taxes unilaterally. he does a lot of that. who thought we would see president taking credit for making the bush tax cuts permanent? he is bragging now they're permanent. 98 percent of americans anyway. i love politics. >> america is tattoo obsession body art covering bodies and faces of celebrities and use. our psychologists will describe the east epidemic. >> a deadly outbreak of the flu declarers the state of emergency. the worst droid dna augmentation initiated. vision expanding to a 5-inch 1080p hd display and camera. touch acquiring nfc. hearing evolving with beats audio. wireless charging activated. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. aah! learning how to kick flip 6 stairs takes determination. so will getting into college. i've got what it takes. so do you. a. lou: joining me now is the "a team" monica crowley, a great to have you with us. juan willia
democrats say are not done raising revenue they're demanding higher taxes with the debt ceiling. but the president says he will then negotiate so he will have to raise taxes unilaterally. he does a lot of that. who thought we would see president taking credit for making the bush tax cuts permanent? he is bragging now they're permanent. 98 percent of americans anyway. i love politics. >> america is tattoo obsession body art covering bodies and faces of celebrities and use. our...
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democrats say are not done raising revenue they're demanding higher taxes with the debt ceiling. but the president says he will then negotiate so he will have to raise taxes unilaterally. he does a lot of that. who thought we would see president taking credit for making the bush tax cuts permanent? he is bragging now they're permanent. 98 percent of americans anyway. i love politics. >> america is tattoo obsession body art covering bodies and faces of celebrities and use. our psychologists will describe the east epidemic. >> a deadly outbreak of the flu declarers the state of emergency. the worst outbreak in years. the nra goes to the white house for a meeting and comes out swinging. the "a team." next. [ male announcer ] where do you turn for legal matters? alegalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with
democrats say are not done raising revenue they're demanding higher taxes with the debt ceiling. but the president says he will then negotiate so he will have to raise taxes unilaterally. he does a lot of that. who thought we would see president taking credit for making the bush tax cuts permanent? he is bragging now they're permanent. 98 percent of americans anyway. i love politics. >> america is tattoo obsession body art covering bodies and faces of celebrities and use. our...
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we hear everyone in washington, the president says he is not going to negotiate a debt ceiling. and the republican leaders in the house, the speaker says i'm not going to talk to the white house because i don't like the way it has worked up to this point. apparently what is going to transpire? how important are those discussions and what would happen if we actually did threaten the shutdown of the government. >> well, if you're going to have the threat and the shutdown of the government, where it hits hardest is the defense area. and they are already bracing for that. i tell you what i think is more important in washington, what is going on with monetary policy. and when you can have all this clowning around on fiscal policy, bernanke keeps printing money. that may be a big problem way down the road, but for the time being, the banks are flush with deposits, flush with reserves, lending more money. use of these november consumer credit numbers today, and people are going about their business. lending and borrowing in moving ahead even though the politicians aren't. lou: give us
we hear everyone in washington, the president says he is not going to negotiate a debt ceiling. and the republican leaders in the house, the speaker says i'm not going to talk to the white house because i don't like the way it has worked up to this point. apparently what is going to transpire? how important are those discussions and what would happen if we actually did threaten the shutdown of the government. >> well, if you're going to have the threat and the shutdown of the government,...